I hope you have been doing well over the past few months, enjoying the BTC season, and making significant gains on your BTC holdings. But now, as I predicted a few weeks ago, we are already at the top of the BTC.D percentage, and it's time for a correction, which will obviously lead to the Altcoin season.
So, make sure to read this idea until the end and follow me for upcoming updates!
As you might know, when BTC price starts to rise, the flow of money is usually much higher into BTC than into altcoins—even ETH itself. This naturally causes an increase in the BTC.D percentage, so it's no surprise to see BTC outperforming other coins.
However, this isn't the end of the story! If you understand the exact order of the bull cycle scenario, after a major shakeout in altcoins, we will see a top in BTC.D, which, in my opinion, is the best entry point for altcoins.
Right now, ETH itself is relatively cheap against BTC, which is a clear indication of the beginning of the altcoin season. So, after this idea, I will publish an analysis on ETH and reveal my price targets, which are absolutely insane and will blow your mind!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.